|
|
|
|
Yahoo! Alumni, Joins Russian US Subsidiary
|
|
Moscow, Russia - (Website Hosting Directory) - June 23, 2008 - Web search company, Yandex, has created the Yandex Laboratories subsidiary, located in the Silicon Valley of the United States.
Yandex Laboratories will be headed by former Yahoo executive, Vish Makhijani.
Arkady Volozh, CEO of parent company, Yandex noted, ''We did not hesitate to go the extra mile to find this rare talent. We are excited to add a leading technology and business veteran in Silicon Valley to the Yandex team. Vish and his group at Yandex Labs will help to develop and improve Yandex's core technology capabilities including the quality of algorithmic search for the Russian audience.''
Yandex, Russia's most popular Internet search resource, has reportedly been valued at $5 billion for an initial public offering at the U.S. Nasdaq trading floor in the fall. Yandex intends to float $1.5-2 billion worth of stock.
Mr. Makhijani served in a variety of key leadership roles at Yahoo! for the past 5 years, most recently as Senior Vice President of Yahoo!'s Search Group. In this position he managed products such as Yahoo! Search, Yahoo! Answers, Delicious, Yahoo! Local, Yahoo! Shopping, Yahoo! Personals and Yahoo! Travel.
Prior to his Search Group role, Mr. Makhijani was a key member of the Search and International leadership team at Yahoo!. He led the sale of Overture KK to Yahoo! Japan, the launch of the company's proprietary search engine in international markets and the international launch of Panama, Yahoo!'s search advertising system. In 2003, Mr. Makhijani was also instrumental in the sale of Inktomi to Yahoo!. Inktomi's Web search technology later became the foundation of Yahoo's search efforts.
According to Russian Vedomosti business paper, Yandex has mandated Morgan Stanley, Deutsche Bank, and Renaissance Capital to organize the share offering. Yandex is considered the world's second most popular non-English-language search vehicle after China's Baidu.
Yandex is a leading Internet portal in Russia today, offering Internet search, targeted advertising solutions and other key services for Russian speaking audiences worldwide. Yandex's daily audience is approximately 8 million unique visitors and continues to grow. Yandex's daily audience is approximately 8 million unique visitors and continues to grow. Approximately 54% of all Internet searches in Russia are conducted on Yandex.ru. Approximately 54% of all Internet searches in Russia are conducted on Yandex.ru.
Since its founding, Yandex's goal has been to provide worldclass Internet services created for Russian speakers worldwide. Since its founding, Yandex's goal has been to provide worldclass Internet services created for Russian speakers worldwide. Yandex offers its visitors a wide variety of ways to search, from traditional Web searches to specific searches of blogs, images, local listings, and the like. Yandex offers its visitors a wide variety of ways to search, from traditional Web searches to specific searches of blogs, images, local listings, and the like.
To learn more, please visit: www.yandex.com.
Learn about affordable hosting offers for discount web hosting at Cheap Hosting Directory.
|
|
|
|
